Research

PUBLICATION

• Industry-university collaboration and commercializing Chinese corporate innovation.  |  David Hsu, Po-Hsuan Hsu, Kaiguo Zhou, and Tong Zhou (paper)
  Management Science, forthcoming.

• Labor-replacing automation and finance.  |  Xin Cheng, Evgeny Lyandres, Kaiguo Zhou, and Tong Zhou (paper)
          Management Science, forthcoming.

• Patent thickets, stock returns, and conditional CAPM.  |  Po-Hsuan Hsu, Hsiao-Hui Lee, and Tong Zhou (paper)
          Management Science, 68(11), 2022.

• Benchmarking U.S. university patent value and commercialization efforts: A new approach.  |  David H. Hsu, Po-Hsuan Hsu, Tong Zhou, and  Arvids A. Ziedonis (paper)
  Research Policy, 50(1), 2021.

• Ambiguity, asset illiquidity, and price variability.  |  Tong Zhou (paper, online appendix)
  Journal of Economic Behavior and Organization, 191, 2021.

• The bright and dark sides of minority shareholder protection: Evidence from the separate vote counts disclosure rule in China. | Guowei Cai, Po-Hsuan Hsu, Xinyi Xu, Tong Zhou, and Yadian Zhu (paper)
          Pacific-Basin Finance Journal, 82, 2023.

• ETF dividend cycle. | Pekka Honkanen, Yapei Zhang, and Tong Zhou (paper, Bloomberg coverage)
          Critical Finance Review, forthcoming.

• 产学研合作促进企业自身技术创新吗？——兼论政府与市场的作用与边界.  |  周开国、卢允之、周彤 (全文)
          统计研究, forthcoming.

• 商业银行扩张与企业避税行为——基于银行业管制放松政策的准自然实验.  |  李晓霞、周彤 (全文)
          会计研究, conditionally accepted.

• 理财产品市场服务了实体经济吗？——基于投资收益税改政策的准自然实验.   |  才国伟、朱雅典、周彤 (全文)
          统计研究, 39(6), 2022.

• 基于市场参与者行为假设的股票市场量价关系研究.  |  翟爱梅、周彤 (全文)
  中国管理科学, 19(4), 2011. 

OTHER WORKING PAPERS

• No good deed goes unpunished: Unintended effects of commodity futures on corporate innovation.  |  Tong Zhou (paper)

• Medical innovation, human capital productivity, and the cross section of stock returns.  |  Tong Zhou (paper)

• The rise and fall of university-run firms in China. | David Hsu, Po-Hsuan Hsu, Kaiguo Zhou, and Tong Zhou (paper)

• 产学研合作能为企业带来怎样的知识价值？——基于企业创新策略的视角.  |  周开国、卢允之、周彤 (全文)

• 政府引导基金如何促进区域产业高质量发展？.  |  周开国、洪苏婷、周彤、陶涵毅 (全文)

RESEARCH GRANTS

• 中国国家自然科学基金青年项目（#72003206, 2021-2023）：产学研合作成果转化、企业创新与经济增长——微观大数据经验和机制研究